AJAY SINGH, CO-FOUNDER, CHAIRMAN & MANAGING DIRECTOR.
Ajay has regained control of SpiceJet (ROJ) (2015-04) by buying back control of 60.3% of shares. After a series of operational and financial problems, mainly due to the competitive Indian Low Cost Carrier (LCC) market and its razor-thin margins in the face of competition from other regional (LCC)s such as IndiGo (IGO) and previously by now-defunct, Kingfisher (KFH).